Blenderlaw

The Irving Fisher Committee on Central Bank Statistics has published a Report on Central Banks and Fintech Data Issues which identifies a number of issues relating to the implications of increased use of fintech for the availability of data central banks need to address their mandates relating to monetary and financial stability and the operation of payments systems. Some questions relate to financial activity by entities that are not within the regulatory perimeter for reporting to central banks, and other issues relate to data about fintech activities by traditional financial intermediaries, such as what operational, reputational, financial issues are raised by their fintech activities. In jurisdictions where fintech is most developed central banks are actively seeking to close these data gaps.